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: . t:. 1f'.U C:;;I;i -"'/-'J'pCPoY) 2;.<:/1 U0:.-') 7v7 ( . "3!J J - . :.<: .Ie <1 ~ , . -, l . '. - . '., . ~"":L A trj-<.,,,,, .-... '+ <'c-4J 7t{) ",) ( 6 ELECTRICAL INSPECTORS ERRORS AND OMISSIONS INSURANCE POLICY THIS IS A CLAIMS.MAOE POLICY. PLEASE READ IT CAREFULLY .fffltIEBd/fllWFEDERATED POLICY NO. 1003307 HOM' ome< ow,,",,, f NS URANCE rJ THIS POLICY IS NON-ASSESSABLE MINHlSCrA $SOIil}.}fOt . . ~._, . (A mutual insurance company, herein called the company) Issued by Central-Western Division DECLARATIONS 129 East Broadway O'I/atonna. Minnesota 55060 lIem 1. Named Insured and Address: Minnesota Chapter. International Assoclalion of Electricai Inspectors . 1821 Universllv Ave., Room N 191 SI. Paul, MN 55104 Item 2. Policy Period: From AUQust 1,1986 12:01 A.M. Central Standard Time, until cancelled lIem 3. Limits of Insurance: $200,000 each negligent act, erroror omission $400,000 aggregate each insurr~d Item 4. Deductible Amount: $300 each negligent act, error or omission lIem 5. Retroactive Date: AUQust 1, 1986 " or the initial date of coverage for each insured for which coverage is first provided under this policy after this date Item 6. Annual Premium: $300 each insured Throughout this policy the words "you", "your", and "yours" mean a person or organization shown as Named Insured in the Declarations. The words "we", "us" and "our" mean the Company providing this insurance. The word "insured" means any person or organization qualifying as an insured under SECITON V - WHO IS AN INSlJRED. In return for the payment of the premium and subject to all the terms of this policy we agree with you as follows: . SECTION I. COVERAGES claim is made or suit brought is responsible for the payment of A. We will pay on behalf of the insured all sums which the the deductible amount. We may pay all or any part of the insured becomes obiigated to pay as damages because of deductible amount in settlement of a claim_ tf we do, the insured any claim or claims first made against the insured and against whom claim was made agrees to promptiy reimburse reported to us during the "policy period" as a result of any us for the deductible amount we pay. negligent act, error or omission of the insured in rendering SECTION Itl. EXCLUSIONS or failing to render professional services in the insured's capacity as an electrical inspector in the State of Minnesota. This insurance does not apply to: B. We will have the right and duty to defend any claim or suit A. Any (1) dishonest, fraudulent, criminal or malicious act, or against an insured seeking damages as a result of an alleged (2) libel, slander, defamation of character, humiliation, act, error or omission by the Insured for which insurance is invasion of privacy, mental anguish or mental injury. provided by'this policy. B. Injury to, or sickness, disease or death of any person, or to C. We will also pay, subject to the Limits of Insurance, with injury to or destruction of any tangible property, including respect to any claim or suit we defend: the loss of use thereof, unless a direct result of any negligent 1. All expenses we incur. act, error or omission of an insured in rendering or failing 2. All costs taxed against the insured in the suil. to render professional service as an electrical inspector. 3. The costs of appeal bonds or bonds to release attach- C. Any claim made by an employer against an insured who is ments, but only for bond amounts within the applicable an employee of such employer. limit of insurance. We do not have to furnish these bonds. D. Any punitive or exemplary damages. 4. All interest on the full amount of any judgment that accrues E. Any claim arising from the liability of others assumed by an after entry of the jUdgment and before we have paid, Insured under any contract or agreement. offered to payor deposited in court the part of the F. Any claim arising from any acts, errors or omissions occur- judgment that is-within the applicable Limit of Insurance. ring prior to the Retroactive Date stated in the declarations SECTION II. DEDUCTIBLE or in a Memorandum of Insurance issued to the insured _erages unde-r .Section .1.. are 'subject- to the deductible against whom claim is made or suit brought, whichever is 1m unt stated in the .Declarations. The insured ~gainst whom later. PM-135 Ed. 7-86 Page 1 01 3 Printed in U,S.A.